Price has now rejected off the top of the weekly resistance zone, showing bearish pressure. A reversal pattern still in play & will be waiting for a breakout of support along with the wedge pattern to confirm that price will make its next impulse back towards the bottom of the range.
Price has broken back into the channel after making a "double bottom" at the weekly demand zone below. Will be looking for a small retracement to set a higher low on the lower timeframes (H1/H2), to potentially reject the channel once again before moving back to the upside to set a new higher high back at the top of the channel.
Price has made a strong bearish move off the supply zone above, breaking through the counter trendline today showing that bearish momentum remains & that the downtrend is ready to continue as the correction period is complete. Watching for a slight pullback for price to then continue lower to create a new potential lower low.
Price has broken the ascending trend line, & is moving within a bearish channel along with a downtrend structure making lower lows & highs. Now will be watching price to pullback to previous support structure & find new resistance, testing the top of the channel once again for then a reversal back to the downside to create a new lower low to occur next.
Price has broken the consolidation range to the downside after hitting weekly resistance (Pink zone). Price has now pulled back to retest broken support as new resistance, creating a lower high in a new downtrend where a reversal now back to the downside to create a new lower low can be anticipated next.
Break & retest of the daily ascending trendline after price Made a double top above at weekly resistance. Price looks to have completed the retest & is showing some rejections at previous daily support now new resistance, where price may resume the downtrend & create a new lower low.
Price has now pulled back to retest the broken daily wedge formation, along with the 50 fibonacci pullback region creating a higher low. Will be watching for a reversal from here back to the upside to create a new potential higher high.
Price has broken through resistance, waiting on pullback to test previous resistance as new support for price to then look to create a new higher high. Price also will be approaching the ascending trendline confluence..
Price has broken through key level support on the daily timeframe, now retesting as new potential resistance. Price has also rejected the top of the channel, now anticipating price to resume the downtrend & make its way back to the bottom of the channel.
Price broke through support. Price now making a pullback to retest broken support structure as new resistance where a reversal back to the downside to create a new low & resume the downtrend may occur next.